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R-Tech Ueno: Announcement of Additional Extension of the Date of the Deadline for Rendering the Arbitration Decision against Takeda Pharmaceuticals Company Limited

07/01/2012| 09:25pm US/Eastern
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R-Tech Ueno (JASDAQ: 4573) has announced that it has been notified by the International Court of Arbitration, International Chamber of Commerce (ICC), that the date of the deadline for rendering the arbitration decision has again been extended and is now July 31, 2012. R-Tech Ueno had previously announced in its press release on May 31, 2012 that it had been notified by the ICC that the date of the deadline for rendering the arbitration decision had been extended to June 29, 2012.

About R-Tech Ueno, Ltd.
R-Tech Ueno is a bio venture company established in September 1989 for the purpose of R&D and marketing of drugs. Under the leadership of the CEO, also a medical doctor, the company is developing new drugs on the theme "Physician-Oriented New Drug Innovation", targeting ophthalmologic and dermatologic diseases that previously had no effective therapeutic agent.

We aim at becoming a "global pharmaceutical company specializing in specific fields (ophthalmology and dermatology) and developing and selling pharmaceutical products through the eyes of doctors." We are promoting the development of new drugs for unmet medical needs for which the government provides recommendations and assistance, orphan drugs and the drugs in the field of anti-aging (lifestyle drugs).

About Sucampo Pharmaceuticals, Inc.
Sucampo Pharmaceuticals, Inc., an international pharmaceutical company, is focused on the discovery, development and commercialization of proprietary drugs based on prostones. The therapeutic potential of prostones, which occur naturally in the human body as a result of enzymatic, 15-PGDH, transformation of certain fatty acids, was first identified by Ryuji Ueno, M.D., Ph.D., Ph.D., Sucampo Pharmaceuticals' Chairman and Chief Executive Officer. Dr. Ueno founded Sucampo Pharmaceuticals in 1996 with Sachiko Kuno, Ph.D., founding Chief Executive Officer and currently Advisor, International Business Development and a member of the Board of Directors.

For more information about Sucampo Pharmaceuticals, please visit http://www.sucampo.com./

R-Tech Ueno, Ltd.
Koji Nakamura, +81-3-3596-8011
Director
Business Management Department
info@rtueno.co.jp


© Business Wire 2012
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